Copper futures settled lower on Tuesday following China's weaker than expected second-quarter gross domestic product data, that fuelled concerns over the health of the Chinese economy. Meanwhile, investors are cautiously awaiting on the US Federal Reserve’s interest rate decision next week. Firm dollar overnight also weighed on sentiments.
Copper futures for September delivery lost $0.0145 to settle at $3.8295 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.21 percent at $8,473 a ton.